The Georgian Manganese LLC (GM) is the Georgian subsidiary of the

British British may refer to: Peoples, culture, and language * British people, nationals or natives of the United Kingdom, British Overseas Territories and Crown Dependencies. * British national identity, the characteristics of British people and culture ...

company

Stemcor Stemcor is a British steel trading and distribution company. The company acts as an intermediary between buyers and sellers of steel and raw materials. It provides additional services, including logistics, price risk management and inventory mana ...

, producing

manganese Manganese is a chemical element; it has Symbol (chemistry), symbol Mn and atomic number 25. It is a hard, brittle, silvery metal, often found in minerals in combination with iron. Manganese was first isolated in the 1770s. It is a transition m ...

and ferroalloys. The Georgian Manganese LLC owns Zestaponi Ferroalloy Plant in

Zestaponi Zestaponi ( ka, ზესტაფონი, tr, ) is the administrative center of Zestaponi District in Western Georgia (country), Georgia. Zestaponi is the center of an ancient, historical part of Georgia – Margveti, which is a part of Im ...

(through JSC Ferro) and

Chiatura mine The Chiatura manganese deposit (; ) is located near the Geology of Georgia (country), Dzirula Massif, located in central-western Georgia (country), Georgia in the Imereti, Imereti region west of the national capital Tbilisi. It is divided into part ...

Chiatura Chiatura ( ) is a city in the Imereti region of Western Georgia. In 1989, it had a population of about 30,000. The city is known for its system of cable cars connecting the city's center to the mining settlements on the surrounding hills. The ci ...

(through JSC Manganumi). It owned Tao-Privat bank in Georgia from 2007 to 2014. Until 2009, the company functioned without the environmental impact assessment and appropriate permit. Permit conditions were first inspected in 2012 and the company was fined 5000 Georgian lari for violation of permit conditions. In September 2014, after unsuccessful attempts to fine the company, the Georgian Ministry imposed limits and restrictions on the company. In May 2017, a special manager was appointed by the Tbilisi City Court in order to ensure compliance with license and permit conditions. Since 2019, the company has faced sporadic public protests from local residents of Shukruti village where its mining site is located, over the destruction of property of local residents as a result of Georgian Manganese LLC activities and alleged non-payment of compensation. Ukrainian-born Israeli billionaire businessman, Ihor Kolomoyskyi, is a majority shareholder of Georgian Manganese LLC.

References

Holding companies of Georgia (country) Mining companies of Georgia (country) Manganese mines in Georgia (country) {{mining-company-stub

See also

References